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Rogala Foods Inc. was formed in 2015 with the merger of Grouch Mayer and Tashamo Corporation. The company reported the following rounded amounts for the year ended January 3, 2016 (all amounts in millions) Debits Credits $1,210 14.28 points Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) 34 19,200 Skipped Required 1. Assume Rogala uses 1/2 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet. uncollectible. Prepare the adjusting journal entry required at January 3, 2016, for recording Bad Debt Expense balance of $29 eBook 2. Assume instead Rogala uses the aging of accounts receivable method and estimates that $89 of its Accounts Receivable will be 3. Prepare the journal entry for unadjusted balance in Rogala's Allowance for Doubtful Accounts at January 3, 2016, was a debit 4. If one of Rogala's customers declared bankruptcy, what journal entry would be used to write off its $20 balance? Print Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Required 4 Assume Rogala uses 1/2 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less View transaction list

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